ACF lays off mine staff as low iodine price pinches
Published: Friday, 10 March 2017
The Chilean miner has released the mining staff at its Lagunas iodine operation, stopping primary iodine extraction at the site, as a low price dynamic in the mineral continues to cause producers to struggle.
Chilean iodine producer ACF Minera SA has
reportedly laid off the entire mining staff at its Lagunas
operation in northern Chile, as low iodine prices continue to
The miner, owned by Chile’s De Urruticoechea
family, let go a hundred employees and a further hundred
contractors at Lagunas, effectively shutting the...